Daily Recession covers the world as it goes into recession. The financial crisis, stock market crash, bankruptcies, job cuts, and the turmoil that follows.

City lays off four workers

Posted: April 8th, 2011 | Author: | Filed under: By Location, UK | Tags: , | No Comments »

Anticipating the toughest budget year in a quarter-century, the city of Salisbury has laid off four employees.

Fibrant marketing director Len Clark, two employees of Salisbury-Rowan Utilities and one from Parks and Recreation lost their jobs last week.

Fibrant is the city’s new telecommunications utility, which sells Internet, cable TV and phone services to residents.


Two contractors have warned they will lay off a total of nearly 230 employees

Posted: March 23rd, 2011 | Author: | Filed under: By Location, USA | Tags: , , , , , , | No Comments »

Two contractors have warned state regulators that they will lay off a total of nearly 230 employees over the next few months.

Northrop Grumman Corp., one of Maryland’s largest employers, said Tuesday that 145 Elkridge-based employees will lose their jobs because the U.S. Postal Service contract they have been working on is ending. The layoffs will start April 26 and conclude at the end of August, said company spokesman David R. Apt.


Northrop Grumman to Layoff 500 Maryland workers

Posted: March 4th, 2011 | Author: | Filed under: By Location, USA | Tags: , , | No Comments »

Northrop Grumman announced today that it will seek early retirement for 500 Maryland workers, including 430 at the Linthicum and Annapolis plants.


Banks in Florida, Maryland and Utah closing as Mortgage losses mount

Posted: February 1st, 2009 | Author: | Filed under: Recession News | Tags: , , , | No Comments »

Banks in Florida, Maryland and Utah were closed Friday as regulators wrapped up the busiest month for failures since the housing slump began in 2006.